TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKA
The main objective is to investigate the relationship between Tax Policy Changes (TPCs), Tax Revenue (TR), and Gross Domestic Product (GDP) in Sri Lanka. Moreover, the relationship between TR, GDP, and Budget Deficit (BD) is investigated in this study. This study covers data for the period 2001-...
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| Format: | Article |
| Language: | Indonesian |
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Universitas Nahdlatul Ulama Surabaya
2024-07-01
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| Series: | Accounting and Management Journal |
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| Online Access: | https://journal2.unusa.ac.id/index.php/AMJ/article/view/5327 |
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| author | Vickneswaran Anojan Vickneshwaran Thanuja |
| author_facet | Vickneswaran Anojan Vickneshwaran Thanuja |
| author_sort | Vickneswaran Anojan |
| collection | DOAJ |
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The main objective is to investigate the relationship between Tax Policy Changes (TPCs), Tax Revenue (TR), and Gross Domestic Product (GDP) in Sri Lanka. Moreover, the relationship between TR, GDP, and Budget Deficit (BD) is investigated in this study. This study covers data for the period 2001-2021. Results show no significant relationship between tax policy changes and tax revenue in Sri Lanka. However, tax policy changes are significantly associated with GDP. Importantly, tax revenue is significantly associated with the budget deficit, while GDP also plays a significant role in shaping the budget deficit. This study concludes that no significant relationship between tax policy changes and tax revenue, but tax revenue and gross domestic production are significantly associated with the budget deficit. Therefore, stakeholders, especially policymakers ought to prioritize developing effective and efficient tax policies to positively influence the tax revenue, potentially reducing the budget deficit, and better managing the budget deficit in the future.
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| format | Article |
| id | doaj-art-2fac915c40aa44c784f687c6e87b39b0 |
| institution | OA Journals |
| issn | 2579-9606 2579-9614 |
| language | Indonesian |
| publishDate | 2024-07-01 |
| publisher | Universitas Nahdlatul Ulama Surabaya |
| record_format | Article |
| series | Accounting and Management Journal |
| spelling | doaj-art-2fac915c40aa44c784f687c6e87b39b02025-08-20T02:11:34ZindUniversitas Nahdlatul Ulama SurabayaAccounting and Management Journal2579-96062579-96142024-07-018110.33086/amj.v8i1.5327TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKAVickneswaran Anojan0Vickneshwaran Thanuja1University of Jaffna, Sri LankaUniversity of Jaffna, Sri Lanka The main objective is to investigate the relationship between Tax Policy Changes (TPCs), Tax Revenue (TR), and Gross Domestic Product (GDP) in Sri Lanka. Moreover, the relationship between TR, GDP, and Budget Deficit (BD) is investigated in this study. This study covers data for the period 2001-2021. Results show no significant relationship between tax policy changes and tax revenue in Sri Lanka. However, tax policy changes are significantly associated with GDP. Importantly, tax revenue is significantly associated with the budget deficit, while GDP also plays a significant role in shaping the budget deficit. This study concludes that no significant relationship between tax policy changes and tax revenue, but tax revenue and gross domestic production are significantly associated with the budget deficit. Therefore, stakeholders, especially policymakers ought to prioritize developing effective and efficient tax policies to positively influence the tax revenue, potentially reducing the budget deficit, and better managing the budget deficit in the future. https://journal2.unusa.ac.id/index.php/AMJ/article/view/5327Budget Deficit Gross Domestic ProductionTax RevenueTax Policy Changes |
| spellingShingle | Vickneswaran Anojan Vickneshwaran Thanuja TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKA Accounting and Management Journal Budget Deficit Gross Domestic Production Tax Revenue Tax Policy Changes |
| title | TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKA |
| title_full | TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKA |
| title_fullStr | TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKA |
| title_full_unstemmed | TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKA |
| title_short | TAX POLICY CHANGES, TAX REVENUE, GROSS DOMESTIC PRODUCTION, AND BUDGET DEFICIT: EVIDENCE FROM SRI LANKA |
| title_sort | tax policy changes tax revenue gross domestic production and budget deficit evidence from sri lanka |
| topic | Budget Deficit Gross Domestic Production Tax Revenue Tax Policy Changes |
| url | https://journal2.unusa.ac.id/index.php/AMJ/article/view/5327 |
| work_keys_str_mv | AT vickneswarananojan taxpolicychangestaxrevenuegrossdomesticproductionandbudgetdeficitevidencefromsrilanka AT vickneshwaranthanuja taxpolicychangestaxrevenuegrossdomesticproductionandbudgetdeficitevidencefromsrilanka |